Investor Relations


The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.

New Issue Of Securities (Chapter 6 Of Listing Requirements) : Other Issue Of Securities

 

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description AFFIN BANK BERHAD ("ABB")

DIVIDEND REINVESTMENT PLAN APPLICABLE TO THE FINAL DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 ("7TH DRP")

We refer to the Company’s announcements dated 29 February 2024, 19 March 2024, 25 March 2024 and 25 April 2024 (“Announcements”) in relation to the 7th DRP. Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.

On behalf of the Board, Affin Hwang IB wishes to announce that ABB will be allotting and issuing 53,998,201 new ABB Shares pursuant to the 7th DRP (“DRP Shares”), based on the valid dividend reinvestment forms (“DRF”) received by Tricor Investor & Issuing House Services Sdn Bhd, the share registrar of ABB for the 7th DRP, as at 5:00 p.m. on 30 May 2024, being the last time and date to submit the DRF.

The DRP Shares to be allotted and issued represent approximately 86.95% of the total number of 62,101,136 new ABB Shares that would have been allotted and issued pursuant to the 7th DRP had all the entitled shareholders of ABB elected to reinvest all their respective final dividend entitlement into new ABB Shares.

Barring any unforeseen circumstances, the DRP Shares are expected to be listed on the Main Market of Bursa Securities on 13 June 2024.

 

This announcement is dated 5 June 2024.

 


Announcement Info

Company Name AFFIN BANK BERHAD
Stock Name AFFIN
Date Announced 05 Jun 2024
Category General Announcement for PLC
Reference Number GA1-05062024-00036